Helmerich & Payne, Inc.
HP
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+ FollowMarket Cap$4.25B
Close$
Earnings Call Q2 2023
April 27, 2023 - AI Summary
Helmerich & Payne achieved its goal of achieving direct margins of 50% in the North America Solutions segment, leading to an annualized mid-teens return on invested capital for the first time since 2014.
The company expects a short-term decline in rig activity due to weakness in natural gas prices and customer budgetary constraints. However, they anticipate an improving rig count in the second half of the calendar year and a buying season in Q4.
Approximately 70% of the rigs being dropped are from private companies, while some may be replaced by lower-cost rigs, the focus remains on maintaining pricing to preserve returns.
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$39.48
11% downside
Current Fair Value
11% downsideOvervalued by 11% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $4.25 Billion |
|---|---|
| Enterprise Value | $4.05 Billion |
| Dividend Yield | $1.00 (2.35%) |
| Earnings per Share | $-1.66 |
| Beta | 0.62 |
| Outstanding Shares | 99,931,000 |
Return
| Return on Equity | -5.13% |
|---|---|
| Return on Assets | -2.18% |
| Return on Invested Capital | 1.28% |
Valuation & Multiples
| P/E Ratio | -30.39 |
|---|---|
| PEG | 20.75 |
| Price to Sales | 1.14 |
| Price to Book Ratio | 1.71 |
| Enterprise Value to Revenue | 1.01 |
| Enterprise Value to EBIT | 57.68 |
| Enterprise Value to Net Income | -30 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 0 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
August 5, 2026
EPS Estimate
$0.09
Average shareholder expectationRevenue Estimate
$987.70 M
Average shareholder expectationNext Earnings Call
Expected Date
November 16, 2026
EPS Estimate
$0.23
Average shareholder expectationRevenue Estimate
$1.05 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.6038▲ 1.93% |
|---|---|
| Total Calls | 561,800▼ 13.83% |
| Total Puts | 339,200▼ 10.99% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 107.32%▲ 3.43% |
|---|---|
| Total Invested | $3.50B▼ 5.73% |
| Investors Holding | 382▼ 5.00% |
ESG Score
No data
About Helmerich & Payne, Inc.
CEO: John Lindsay